Ameriprise Financial Inc. Cuts Stake in Motorola Solutions, Inc. $MSI

Ameriprise Financial Inc. decreased its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 15.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,146,688 shares of the communications equipment provider’s stock after selling 208,471 shares during the quarter. Ameriprise Financial Inc. owned about 0.69% of Motorola Solutions worth $524,964,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new stake in Motorola Solutions in the fourth quarter worth $208,000. Sivia Capital Partners LLC bought a new position in Motorola Solutions during the second quarter valued at $210,000. SBI Securities Co. Ltd. lifted its position in Motorola Solutions by 103.8% during the second quarter. SBI Securities Co. Ltd. now owns 163 shares of the communications equipment provider’s stock valued at $69,000 after purchasing an additional 83 shares during the last quarter. Candriam S.C.A. grew its stake in shares of Motorola Solutions by 5.5% in the 2nd quarter. Candriam S.C.A. now owns 11,416 shares of the communications equipment provider’s stock worth $4,800,000 after buying an additional 594 shares in the last quarter. Finally, Advisors Capital Management LLC grew its stake in shares of Motorola Solutions by 1.0% in the 2nd quarter. Advisors Capital Management LLC now owns 2,452 shares of the communications equipment provider’s stock worth $1,031,000 after buying an additional 24 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Motorola Solutions

In related news, Director Kenneth D. Denman sold 434 shares of Motorola Solutions stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $470.12, for a total transaction of $204,032.08. Following the transaction, the director directly owned 7,153 shares of the company’s stock, valued at $3,362,768.36. This trade represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Cynthia Yazdi sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the completion of the transaction, the chief executive officer directly owned 9,529 shares of the company’s stock, valued at $4,488,254.29. This trade represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 129,069 shares of company stock valued at $60,779,964. Company insiders own 1.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Monday, December 1st. Piper Sandler reiterated an “overweight” rating and issued a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research report on Thursday, February 12th. JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Morgan Stanley restated an “overweight” rating and set a $470.00 price objective on shares of Motorola Solutions in a research report on Thursday, February 12th. Finally, Barclays boosted their target price on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $497.14.

Motorola Solutions Trading Up 2.3%

MSI stock opened at $473.41 on Monday. The company has a market capitalization of $78.43 billion, a PE ratio of 37.10, a P/E/G ratio of 3.31 and a beta of 0.96. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The firm’s 50-day moving average is $429.21 and its 200 day moving average is $422.77. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period in the previous year, the company earned $4.04 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s dividend payout ratio is 37.93%.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.